Example - Custom Defined Dual-State SessionThis script example aims to cover the following:
defining custom timeframe / session windows
gather a price range from the custom period ( high/low values )
create a secondary "holding" period through which to display the data collected from the initial session
simple method to shift times to re-align to preferred timezone
Articles and further reading:
www.investopedia.com - trading session
Reason for Study:
Educational purposes only.
Before considering writing this example I had seen multiple similar questions
asking how to go about creating custom timeframes or sessions, so it seemed
this might be a good topic to attempt to create a relatively generic example.
Custom
Nifty Pharma VolumeThis indicator plots volume for the index Nifty Pharma using data from it's constituent stocks.
Code taken from @daytraderph 's script called Custom Volume.
[SK] Custom Klinger OscillatorThis Custom Klinger Oscillator allows you to change the time frames for the Force Volume and Signal calculations to use instead of it's default values. Although the default Fibonacci values ( 34, 55 and 13 ) provide exceptional signals, you can now explore using lower Fibonacci numbers and get faster signals for your own adventures in the market.
This indicator adds conditional coloring of the Klinger line when over / under the signal along with a transparent fill cloud between both lines colored by the same condition. You can change colors to your preference on the style configurations.
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Below is more information on the KIinger Oscillator from investopedia:
Interpretations for Price Direction
The Klinger Oscillator is fairly complex to calculate, but it's based on the idea of force volume, which accounts for volume, trend (positive or negative), and temp (based on multiple inputs and if/then statements). Using this data, the oscillator is created by looking at the difference between two exponential moving averages of force volume involving different time frames (typically 34 and 55). The idea is to show how the volume flowing through the securities is impacting its long-term and short-term price direction.
The Signal Line
A signal line (13-period moving average) is used to trigger buy or sell signals. This technique is very similar to signals that are created with other indicators such as the moving average convergence divergence (MACD). While these are the basic signals generated by these indicators, it's important to note that these techniques may generate a lot of trading signals that may not be as effective in sideways markets.
The Uptrend
When an asset is in an overall uptrend—such as when it is above its 100-period moving average and the Klinger is above zero or moving above zero—traders could buy when the Klinger oscillator moves above the signal line from below.
Klinger noted that when a stock was in an uptrend, and then dropped to unusually low levels below zero, and then moved above its signal line, this was a favorable long position to take.
The Downtrend
When an asset is in an overall downtrend, traders could sell or short-sell when the Klinger oscillator moves below the signal line from above. Klinger noted this was especially noteworthy when the indicator had seen an uncharacteristic spike above zero.
The zero line is also used by some traders to mark the transition from an uptrend to downtrend, or vice versa. While such signals won't always agree with price movements, a move above zero helps confirm a rising price, while a drop below zero helps confirm a falling price.
Klinger Oscillator and Divergence
The Klinger oscillator also uses divergence to identify when the indicator's inputs are not confirming the direction of the price move. It's a bullish sign when the value of the indicator is heading upward while the price of the security continues to fall. It is a bearish signal when the price is rising but the indicator is falling. Divergence can be coupled with signal line crossovers to generate trades. For example, if a bearish divergence forms, a sell or short-sell could be initiated the next time the Klinger crosses below the signal line.
[SK] Double MACDThe Double MACD indicator is precisely two different MACD indicators plotted on the same axis for precise visual correlation between each other.
This correlation provides more information than a single regular MACD by allowing you to compare the signals of a shorter timeframe to the default or longer timeframe,
showing the strength of the change in momentum and the peak of the momentum between both configurations.
The indicator has cloud options by default if you toggle on the MACD / Signal lines for better readability.
The cloud will change color to the line on top of it's set. This is to help you not get lost in the 4 different lines.
Customize the indicator to your preference and make it your own
If you'd like a candle like visualization, change the short MACD plot style to a histogram.
For a beautiful double bars style, select bars on both configurations and set the transparency to 30 - 40
For a dynamic moving average style, go with the line plot style ( default )
All MACD/Signal lines are toggled off by default, toggle them on in the inputs section.
On the styles panel, you can turn off the cloud fills or the lines.
Change all the colors you'd like!
[SK] ScouterWelcome to the Scouter Indicator
What you will enjoy the most out of this big combo breaker are the many configuration options that will enable you to play around and explore different ideas that will help you find patterns more easily while keeping a sexy modern aesthetic, in a single indicator selection. The name gets pretty long so you'll want to collapse the indicators list with the dropdown arrow provided underneath it.
Below is the list of the different building blocks of the indicator and the available settings for each.
3Moving Averages -------------------------------
Configuration:
* Toggle On/Off
* Length of data
* Source of data
* 4 Types of averages to choose from:
-- Weighted
-- Exponential
-- Simple
-- Volume Weighted
* Crossovers
-- Moving Average 2
-- Moving Average 3
-- VWAP
-- Source of data
-- OFF to disable
* Color
VWAP --------------------------------------------
Configuration:
* Toggle on/off
* Source of data
* Crossovers
-- Moving Average 1
-- Moving Average 2
-- Moving Average 3
-- Source of data
-- OFF to disable* Color
Action Cloud -----------------------------------
Select 2 plots from the indicators configured to create a filled cloud.
Whenever the bottom edge crosses over the top edge the fill color changes to the 'Down' color.
* Toggle on/off
* Top / Bottom Edge Source
-- Moving Average 1
-- Moving Average 2
-- Moving Average 3
-- VWAP
-- Keltner Boll Midline
-- Bollinger Top
-- Bollinger Bottom
-- Keltner Top
-- Keltner Bottom
* Color Up / Down
Keltner Boll Clouds --------------------------
These are cloud fills that resemble trends or golden areas in the price action.
It's up to interpretation, play around with them and see how useful they can be for your own trading.
North cloud is created from the top of the Bollinger to the Top of the Kernel
South cloud is created from the bottom of the Kernel to the bottom of the Bollinger
Configuration:
* Toggle on/off
* Source of data
* Length of data
* Keltner Multiplier
* Bollinger Deviation
* Cloud style ( Fill, Bands )
* Cloud Transparency
* Show / Hide Midline moving average
* Type of moving average used
* Moving Average Crossovers
High/Low X Bars AgoThis indicator will plot a line on your chart that shows the highest high point between two previous points on the chart. It does this by reporting the highest point of X number of candles, and begins the look-back X number of candles ago.
Default candle group size is 50, and default look-back begins 50 candles back.
With these settings, the script will essentially plot the highest high point between the candle that printed 100 candles ago, and the candle that printed 50 candles ago.
Options are available for looking for the highest point, or lowest point, with configurable distances in the look-back and candle group ranges.
This script was custom built by Pine-Labs for a user who requested it.
BDV - BandDistanceVariation TradingView EditionThis indicator detect volatility variation with his own formula.
It can be used in any market or timeframe without limitations.
Also indicator has alerts for specific conditions.
In my TradingView signature you can find more info.
Growth Producer
Applicable to FTX:ETHPERP 15 min
Relative volatility index (RVI) that will determine the entry and exit points only when the volatility will start to increase and Money Flow index as an additional point for entry.
IMPORTANT
• Input Partial take profits in your Bot settings
• This is a trend strategy and works better in the trending market
• We added the trend identifier using the EMA and SMA interaction
• We added Take profit and stop loss levels
• We added inputs for the period selection, so you could see how the strategy is performing on a monthly basis.
• RVI for the entry conditions
• MFI was added for the additional entries.
• Partial Take-profits
ATR Limits | Custom Timeframe | Day | Week | Month | H4 | H1Marks out the ATR limits for your own custom selected timeframe
Allows you to set an "Exact Distance" for the ATR.
Note:
If the "Exact Distance" is set = 0
then an ATR will be calculated for you based on an average of the "ATR Periods"
i.e. By Default: atr(20)
Otherwise if "Exact Distance" is not = 0
then ATR limits will be calculated using your specified distance
E.g. Exact Distance = 0.5
Low of Day = 1.0
High of Day = 1.1
ATR Limit Low = 1.1 - 0.5 = 0.6
ATR Limit High = 1.0 + 0.5 = 1.5
Enjoy!
CustomScreenerTo apply your indicator with screener , please modify the section which i mention "Start your indicator pine script" & "End your indicator pine script"
At the pinescript section you will able to change the ticket symbol .
I only able to show screener result with 10 item in 1 times . To view more result, please go to setting and change stock list "1-10">"11,20">"21-30".....
Able to screener 100 items with this indicator.
Kindly change the exchange and stock in the pinescript according your watchlist.
As examples, my indicator is to determine the stock in which trend, i want to find out all stock with aqua color trend
The screener result show only 9 of 10 are in aqua color trend.
Nifty VolumeWhy this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume .
This is the pine script which calculate the nifty 50 volume .
Logic :
Take each stock contribute to nifty 50 and find it's volume .
Multiply the same with contribution percentage of the same on Nifty 50
Add up all of them and find the total volume .
There is a similar script by @daytraderph which is built for Bank Nifty (custom volume) . I took the same and built for Nfity.
Nifty has 50 stocks and you cant call security method more than 40 times from one Pine script, so this is the limitation of this script. It consider top 40 stocks and find the volume (which contribute pretty much around 95% of the volume) and convert the same to 100 %
Bank Nifty VolumeWhy this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume .
This is the pine script which calculate the nifty 50 volume .
Logic :
Take each stock contribute to nifty 50 and find it's volume .
Multiply the same with contribution percentage of the same on Nifty 50
Add up all of them and find the total volume .
I took the open source code from @daytraderph script called, Custom Volume
I will make sure I will update the contribution percentage of all stocks my self instead o you update using input methods. This is the difference. Some people don't know where to look at this to update the value, so for them this script might be useful. And this is the only difference comparing to Custom Volume script.
LWMA: Linear Weighted Moving AverageCouldn't find searching for Linearly Weighted Moving Average (LWMA) in tradingview. Found one with the LWMA title, but it uses plain WMA calculation without the linearity which more heavily weights recent price data, which I need, so I try to made one.
LWMAs are also quicker to react to price changes than SMA and EMA. If you want a moving average with less lag than an SMA, try a LWMA.
It kind of also have a more clarity in defining the price trend and reversals. Trade signals usually based on crossovers, they can also indicate areas of potential support or resistance. But beware though, multiple false signals may also occur before a significant trend develops. Use a filter, some decent volatility oscillator might do the job.
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The formula for this Linearly Weighted Moving Average is:
LWMA = (( P n∗ W 1)+( P n−1∗ W 2)+( P n−2∗ W 3)...) / ∑W
P = Price for the period
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.
I hope I'm doing right translating it to Pine Script 4. Let me know if I miss something.
Hull Candles [BigBitsIO]This script is for custom candles based on an HMA calculation with a default period of 10 as well as an SMA of the close price, defaulted to 1 period to only show the current price. The purpose of the custom candles is to try and reduce noise from candles and help identify trends. These custom candles somewhat resemble Heikin-Ashi candles in their appearance.
Explained:
- Open, High, Low and Close (o, h, l, and c) are all calculated using an HMA calculation based on a user input length/period, defaulted at 10.
- Candle colors are determined by using the same HMA calculation on the ohcl4 and comparing it to the previous candle. Green candles have an ohlc4 greater than the previous candle, all other candles are red.
- The current price is plotted with the default blue line with an SMA calculation with 1 period to allow customization of smoothing if necessary to identify trends.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
ADX and DI For Cryptocustomized version to add my favourite settings for crypto
Best time frame is daily followed by 4H
ADX Near 20 or less means trend is choppy and weak
ADX Cross over 30 means trend is starting to gain momentum
ADX Near 75 means momentum is near maximum, trend needs to rest for a while ( The area between 70~90 )
Ehlers Correlation Trend Indicator CTI by Cryptorhythms [CR]Ehlers Correlation Trend Indicator CTI by Cryptorhythms
📜Intro
In his article “Correlation As A Trend Indicator” in issue May 2020 of TASC, author John Ehlers introduces a new trend indicator that is based on the correlation between a security’s price history and the ideal trend: a straight line. He describes methods for using the indicator to not only identify the onset of new trends but to identify trend failures as well. He presents what looks like a simple and elegant idea for a trend-detection and mode-switching indicator.
📋Comments
Careful market selection may be the key to a correct application of the indicator. Even such barebone rules could shine with stocks like AAPL that tend to develop prolonged trends. But for others like CAT, which can keep oscillating in ranges for years, results will be much less impressive. They require a different approach. For example, you would want to buy when Correlation Trend falls significantly below zero and sell when it reaches positive values.
Therefore, it would be an interesting problem to research Correlation Trend’s ability to identify the switch to a cycle mode. That might help develop countertrend systems and
trade pullbacks. Another possible application might be to act as a system filter of change from trending mode to mean-reversion mode.
Extras
As usual when porting indicators to the library here on tradingview, I like to add some extra flare!
💠Customizable Overbought and Oversold Zones for Alert Creation
💠Bar coloration based on trade state for easy visual at a glance chart checking
💠Some basic example Entry and Exit conditions and a simple Trade State Engine to get you going creating your own strategy
Enjoy!
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 81st script on Tradingview!
Crypto Tipster Pro+ (Optimized for ETHUSD)===========
Crypto Tipster Pro+ Optimized for ETHUSD
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This script is a carbon-copy of our Crypto Tipster Pro Strategy , but also includes our Custom & Fully Optimized Settings for turbo-charging your Ethereum (ETHUSD) trading.
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We keep all our Crypto Tipster Pro+ (Optimized) strategies regularly updated and maintained. The purpose of these Add-On's to our Crypto Tipster Pro Strategy is to keep each trading plan relevant, up-to-date and most of all profitable within ever-changing markets.
We will always keep our main Crypto Tipster Strategy active, as we find the default settings are the best "all-rounder" set-up and work with many crypto pairs over many different time frames, try it for yourself! This Set-Up for Ethereum enables you to hone in on one certain trading pair on the 'D' chart and maximize your overall trading experience.
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Visit the link below for Full & Immediate Access!
Good Luck and Happy Trading!
Nth-Occurrence Custom barssince() Function by Cryptorhythms [CR]Nth-Occurrence Custom barssince() Function by Cryptorhythms
Description
The vanilla barssince() function in pine only finds the number of bars since the most recent occurrence of the condition. This version allows you to specify an Nth occurrence back to check the bars since! Its also a nice little one liner.
I really hope you enjoy it and if you're looking for more, this is our 79th script on TV, so there is plenty to choose from!
Let me know in the comments if you create anything useful from this or think of anyway to improve it!
Custom Alert Message With alertcondition Example [BigBitsIO]This was a follower suggested script. This script shows an example of how to create a custom alert message using the alertcondition() function in pine.
Features:
- Well documented code with links to documentation for specific functions.
- Two alertconditions in a different order than the plots they reference to show the importance of plot IDs.
In order to actually get an alert with this script, you must create an alert through TradingView and reference this indicator and then reference the specific alert condition you want that alert to use.
For more information, contact me on social media or check YouTube for the associated video.
*** DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB. ***
Line & Label RGB Color Editor [DW]This script is a template designed to provide developers with UI color customization for v4 lines and labels.
The color pallete used within this script is a full spectrum "web safe" format with 216 colors to choose from.
Colors are easily modified via the RGB inputs. The designated color selector function takes in the RGB values and returns the corresponding hex color.
Transparency can be modified as well. However, the color.new function only supports constant integers for transparency value, so it has to be manually adjusted within the code.
On line 42, you'll see a variable within the color selector function named trans. This is the transparency value, which can be set to any integer from 0 to 100. I have it set to 0 by default.
I included a sample label to demonstrate how the color editor works. It also displays the hex codes for the current label and text colors for some additional reference.
Implementing this in your own script is pretty straightforward.
All you need to do is copy the color selector function and inputs (feel free to name them whatever you want) into your desired script. Then, you can use them to declare your color variables.
[Birbicator] StochTKDBirbicator is a custom indicator prototype based on Stochastic oscillator, enriched with Stochastic of Tenkan and Kijun of Ichimoku with adjusted, prototyped settings. It includes the ribbon, which corresponds with the momentum per Stochastic oscillator crossovers. It involves histogram as well which displays the relation of distance between Tenkan and Kijun. It displays the coloured candles in the main chart also. The orange colour is bullish while dark candle is bearish. White candles are neutral.
The indicator displays the strength of the trend when Stochastic and TK are following the same direction. The stronger buy/sell signal appears on the Stoch crossover simoultaneous to Histogram crossover.
Multiple EMAs with marked zones and custom timeframe supportThis script plots 10 exponential moving averages and marks the areas between them.
The lengths are Fibonacci numbers starting from 5 and ending with 377.
The colors indicate the length of the moving average, green for the shortest and purple for the longest.
The zones between consecutive EMA's (e.g. 5 and 8 ema ) are market according to the color of the greater one in value.
By default the script plots values for the current time frame, but supports custom time frames.
I'm releasing this script with an open visibility. Feel free to suggest improvements!
Enjoy,
s0ullight
Custom Self-Adjusting SuperTrendA custom version of Self Adjusting SuperTrend that can be used as source for your trading frameworks and indicators.
